AuthorTopic: Gold & Silver News  (Read 293790 times)

Offline azozeo

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Re: Gold & Silver News
« Reply #1995 on: February 27, 2017, 04:24:52 PM »
Activist Post

By Shaun Bradley

The central bank of Kyrgyzstan is encouraging its six million citizens to each own at least 3.5 oz (100 grams) of physical gold.

WHAT?  At the current price of gold, 3.5 oz is around $5000!  The typical Kyrgyxikstani annual income is half that!

Quote
The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was $257. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption grew at an annual rate of 4%. Approximately 33% of household consumption was spent on food, 11% on fuel, 3% on health care, and 22% on education. The richest 10% of the population accounted for approximately 27.2% of household consumption and the poorest 10% approximately 3.2%. It was estimated that in 2001 about 55% of the population had incomes below the poverty line.

So the Kryzykstani Goobermint suggests that dirt poor people have $5000 worth of gold in their basement safes?  This is like suggesting your typical J6P here in Amerika has 2 years worth of savings!  Most Amerikans don't even have ONE MONTH worth of savings!

This is utterly ludicrous.  Only the top .1% of Kryzikstani could get anywhere NEAR 3.5 oz of Gold in the basement safe!

The cattle are a better bet.  You can drink their milk and eat them too.  You can't eat gold.

RE


But wait, there's gold in them thar hills RE.
The folks over in West Kenya will share.

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Offline azozeo

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Re: Gold & Silver News
« Reply #1996 on: February 28, 2017, 03:13:06 PM »
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Offline azozeo

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Texas Department of State Health Services vs Utopia Silver, Inc.
« Reply #1997 on: March 18, 2017, 01:33:25 PM »
Health Freedom Victory: How a Small Supplement Company Fought the FDA

By Tony Isaacs

“This system operates on fear, you have no fear and that’s a problem for us.” − District court official to Ben Taylor in private chambers

After years of silence, the story can finally be told…

In February 2012, a small supplement company and its owner scored a huge victory for health freedom. This happened when all charges against the Utopia Silver Supplement Company and its owner Ben Taylor were withdrawn (i.e. non-suited) by the prosecution after almost 11 years of a protracted struggle instigated by the FDA. Though not as widely publicized as cases such as the Dr. Burzynski trial, the implications may be even larger.

When the State of Texas and the FDA (via the Texas State Department of Health Services) first began action against Taylor, they likely thought that they had easy targets in small town Taylor and his modest supplement company. However, instead of the intended precedent on how far they could go in suppressing online supplement sales (particularly of Colloidal Silver) and testimonials, Taylor’s refusal to roll over turned into a precedent-setting victory for health freedom. It is a powerful example of how the authoritarianism of the FDA can be thwarted.
Texas Department of State Health Services vs Utopia Silver, Inc.

After an email complaint by the FDA to the Texas Department of State Health Services (TDSHS), the State of Texas Attorney General’s office began pursuing action against Utopia Silver, Inc. They later pursued Taylor personally after he bought out the assets of Utopia Silver, Inc. and started Utopia Silver Supplements.

Initially, the State maintained that it was simply a State action, but the facts of the case proved otherwise…

Besides the original complaint coming from the FDA, Taylor discovered through Texas Public Information Act requests that the prosecuting Texas Assistant Attorney General and TDSHS officials were commissioned as officers of the FDA. In reality this made the case a Federal action by proxy which pitted Utopia Silver Supplements against the Goliath of the FDA.

Further proof that the FDA was calling the shots came when the prosecution reneged on a settlement and one of the prosecutors informed Taylor that they were backing out. This was at the behest of the FDA because the FDA intended to make Taylor and his company an example. They wanted to set a precedent on just how far they could go in suppressing online supplement sales in general and colloidal silver in particular.
Making “Disease” Claims Not Permitted

In the FDA’s complaint, they essentially maintained that Utopia Silver was making medical claims which, in the eyes of the FDA, turned their supplements into drugs. The TDSHS then brought the complaint to the Office of the Texas Attorney General (TAG).

It was later determined that among the targeted objections were: having “disease” terms such as cancer, hepatitis, diabetes, etc. posted anywhere on the website. It also included having any “disease” terms in a search engine. And lastly, it included the posting of testimonials from customers who had used Utopia Silver products and defeated or improved any “disease” condition.
Taylor Claims Freedom of Speech

Taylor and his supporters, including Alfred Adask (a former Texas Supreme Court candidate for the Libertarian Party) and other scholars of Organic Law, determined that the complaint was without merit. They also found it to be a clear violation of God-given Rights secured by both the Texas and the U.S. Constitutions − especially the right to freedom of speech.

At one of the last court hearings, Taylor refused to agree to a trial date. He also informed the court that he refused to submit to their “claimed jurisdiction.” He said that if forced to trial he would show up only to defend his God-given Rights, just as he had been doing in three years of pre-trial hearings.

When it appeared to some observers that Taylor might be cited for contempt, Taylor stood his ground and was then asked to go into private conference chambers by the presiding State District Court official. After a short conference in which Taylor was subtly threatened by that official, Taylor reports that the official told him grudgingly and with resignation:

“This system operates on fear, you have no fear and that’s a problem for us.”

Taylor’s simple response to that revelation today is that, “Patriots do not fear tyranny, they resist it!”

Health Freedom Victory: How a Small Supplement Company Fought the FDA

Author’s note: When news of Ben Taylor’s victory first emerged, people far and wide were clamoring to tell his story and interview him – but, after an almost decade long struggle under threat of fines totaling $27,000,000, Taylor decided to “let sleeping dogs lie” in order to focus on his business. Now that the he and many others believe that the country seems to be on the path to correcting a corrupt legal system he is more receptive to having more of his story being told and I am proud to be able to debut his story here at TTAC.

You can also listen to Taylor discuss his ordeal on this podcast: http://www.blogtalkradio.com/tbyil/2017/01/26/this-weeks-guest-is-ben-taylor-owner-of-utopia-silver


Offline azozeo

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Re: Gold & Silver News
« Reply #1998 on: March 19, 2017, 02:31:29 PM »
Second State In Less Than A Month Challenges Fed, Passes Bill To Treat Gold And Silver As Money


Activist Post

By Justin Gardner

The second state in less than a month has made a direct challenge to the Federal Reserve monopoly on money, by forwarding a bill that would “eliminate capital gains taxes on gold and silver specie.” The Idaho House voted by a margin of 56-13 on March 14 to pass House Bill 206, following the Arizona House’s approval of a similar bill.

According to the Tenth Amendment Center:

    The legislation would amend Idaho revenue statutes, providing “that capital gains and losses on precious metals bullion and monetized bullion sales be added to or subtracted from Idaho taxable income.…

    Idaho H206 is a revenue neutral proposal over the long run. That’s because both precious metals gains (income) and losses are backed out of the calculation of taxable income for Idahoans. While H206’s passage will have little fiscal impact on Idaho tax revenues, it will have a larger impact on Idahoans’ freedoms.

Capital gains tax on gold and silver is an insidious disincentive based on intentional dollar devaluation. When the dollar’s purchasing power goes down, the metals’ nominal dollar value goes up, triggering a “gain” which is taxed.

If the bill can survive the attack of central economic planners who believe that crushing debt and inflation is the best path toward prosperity, it could pave the way for currency competition. Critical to the Fed’s campaign is perpetuating the belief that gold and silver are merely investments and speculation – rather than the market opportunity is it of creating sound money.

Even though the Constitution recognizes gold and silver as money, the Internal Revenue Service classifies them as “property” which should be taxed as a commodity. It’s no coincidence that the personal income tax (16th Amendment) and the Federal Reserve were established in the same year, 1913. Prior to this, America was experiencing its greatest period of economic growth in history.

Arizona and Idaho seek to join two other states, Utah and Oklahoma, in freeing gold and silver from taxation in the interest of pursuing currency competition and sound money. While these four states are certainly not the most enlightened in other areas – namely the War on Drugs – their efforts at challenging the Federal Reserve are laudable.

    Passage into law would mark an important step towards currency competition. If sound money gains a foothold in the marketplace against Federal Reserve notes, the people would be able to choose the time-tested stability of gold and silver over the central bank’s rapidly-depreciating paper currency. The freedom of choice expanded by H206 would allow Idaho residents to secure the purchasing power of their money.

    “This isn’t going to end the fed’s monetary monopoly overnight, but it sets the foundation and opens the door for more market activity by the people,” Tenth Amendment Center executive director Michael Boldin said. “This is an important part of the overall strategy, and activists in Idaho should continue working to get this bill passed.”

Arizona Rep. Mark Finchem, when introducing the sound money bill in his state, argued that any perceived capital gain from gold and silver is not actually a gain, but a protection against losing money in the inflationary federal reserve system.


“Let’s say it takes 1,200 of them to buy a U.S. Mint gold coin today, but tomorrow it takes 1,300 of those federal reserve notes,” said Finchem. “You’ve actually experienced a loss. It’s called inflation. The Internal Revenue Service for many, many years has been taxing inflation as though it was a gain.

“The U.S. Mint is charged with protecting the value of money, but the Federal Reserve creates nothing but debt,” Finchem continued. “Yet Congress authorized a tax when making the exchange of precious metals for dollars. It’s illegal and they know it, this bill is an effort by one state to protect the people from such confiscation.”

Offline azozeo

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Re: Gold & Silver News
« Reply #1999 on: March 28, 2017, 05:37:04 AM »
2017-03-26 - Brazil handing over the Amazon rainforest to mining companies and big agriculture:
http://robinwestenra.blogspot.com/2017/03/brazil-is-handing-over-amazon.html

Offline azozeo

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Re: Gold & Silver News
« Reply #2000 on: March 29, 2017, 12:29:31 PM »


Zero Hedge

Shandong Gold Group, China’s second biggest gold producer by output, announced on Tuesday that it has discovered deposits in eastern China containing an estimated 380 tons of gold reserves, which would represent the nation’s largest ever gold deposit.

 

According to a Tuesday statement that cited the company on sdchina.com, the Xiling mine in Shandong province told local authorities it had found 382.58 tons of gold reserves and that the volume could reach more than 550 tons once exploration is completed in two years. According to local media reports, the Xiling gold seam in eastern China is more than 2,000 meters long and 67 meters wide; operating at full capacity, the mine would have a life of 40 years, according to the statement.

The mine is located in the Laizhou-Zhaoyuan region of northwest Jiaodong Peninsula in eastern China’s Shandong; the region has the largest gold deposits in the country. The mine is estimated to have the equivalent of 20% of the country’s 1,843 tons of gold reserves.

China had the fifth largest gold reserves in the world after the United States, Germany, Italy, and France. In July 2015, China ended six years of mystery over how much gold it has, revealing a 57% jump in reserves since 2009 when it last updated the figures. In November that year, China said it discovered another vast deposit of gold beneath the seabed of the East China Sea. At the time, the Chinese media claimed the deposit situated at a depth of 2,000 meters held 470.47 tons of gold.

As Bloomberg adds, Shandong Gold Mining saw its shares rise as much as 2.8% in Shanghai. The listed unit said Monday that net profit doubled to 1.29 billion yuan ($187 million) last year from a year ago as gold prices rebounded.

Chinese gold companies have been stepping up their search for domestic deposits and eyeing acquisitions as the nation seeks to increase reserves by 3,000 tons to as much as 14,000 tons by 2020, the Ministry of Industry and Information Technology said last month. That amount of holdings would propel China into first place globally for official gold reserves.

Offline azozeo

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Gold & Silver News/Moscow Beijing bypass Fed/Shift to Gold Trade
« Reply #2001 on: April 02, 2017, 01:15:27 PM »
http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard

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Offline azozeo

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Gold & Silver News-Colombian Town Rejects $35 Billion Gold Mine
« Reply #2002 on: April 06, 2017, 01:10:15 PM »
Colombian Town Rejects $35 Billion Gold Mine in Preference of Clean Air, Water, Simple Life

    Apr 5, 2017

The World Bank wants its gold mining project in Cajamarc, Colombia badly, but the people of this small town just voted against the mammoth South African-sourced project which would have utterly changed their lives.

Locals had been calling the project “Auntie Anglo-Gold,” which ironically isn’t just a stab at the ethnicity of the folks who were meant to profit most from the gold mining outfit, but is the actual name of the gold-mining company who has already ripped other small towns to shreds with its mining practices. AngloGold Ashanti is a company listed on the London Stock Exchange.

AngloGold occupied Cajamarc for nearly ten years, simply in anticipation of moving forward on their billion-dollar project, but have been surreptitiously denied with a single vote among 22,000 locals.

The national government had also been promoting the project as necessary to overcome a long history of battle with Marxist rebels. Thousands of illegal mining operations had been funding the acts of terrorists and drug smugglers for decades. Most of the gold mined in Cajamarc, and other South and Central American countries is purchased by U.S. companies.

What many don’t know is that the simple, farming life is threatened by a gold-mine of such magnitude as AngloGold had in mind.  In a report titled, LaColosa: A Death Foretold, the many negative outcomes of gold mining were outlined prior to the town’s vote. Here are some of the alarming findings they described:

    Foreign investors are almost always given preference for these mining operations over local communities.

    The foreign company often saturates the media with well-funded advertising to try to win over locals and sway politicians in their favor to get permits that allow the project to happen.

    The projects often divine local communities, purposely, and then create a dependency on the company’s activities.

    The mining company’s practices are always damaging to the environment on a grand scale, making it almost impossible for the town to recover once the mining project has been completed.

    Valuable, irreplaceable ecosystems as large as 100 hectares are usually destroyed in a single gold mining operation.

    A minimum of 100 million tons of waste rock is usually created, and then deposited in valleys, but they are usually full of mining chemicals.

    There is no place to put the toxic residue created by a gold mine, so it is usually put back into the environment.

    The water and electricity required for a project of any magnitude usually far exceeds the domestic consumption of any town.

    People who oppose a mining operation are considered a risk, often chastised, harassed, financially or socially ruined, and sometimes even murdered.

    “Exclusions” to Forest Reserve preservation rights have been granted for mining operations, and only after companies were given permission to tear down protected land are the residents informed.

    More than half of the members of political bodies have been found to have direct financial ties to mining companies like AngloGold.

    Despite promises of a better life, the residents usually have to face a higher cost of living, increased prostitution and violence, and horrid environmental and working conditions when a mining project gets underway.

The people of Cajamarca, Colombia say they would rather continue to cultivate their beans, bananas and arracachas, the carrot-like vegetables they regard as a gold of their own. In a binding, legal referendum, they opted to ban all mining, fearing it will contaminate the water, destroy the mountains and hurt their community. We celebrate your choice, Cajamarca. May your lush forests remain unchanged by the greedy hands of corporate commerce and illegal drug trade.

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Offline azozeo

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Gold & Silver News-Baseball size new spider found in mine
« Reply #2003 on: April 09, 2017, 01:32:47 PM »
2017-04-07 - New species and genus of spider, baseball-sized, discovered in mine in Baja California (Mexico):
http://www.sfgate.com/science/article/Softball-sized-spider-discovered-in-California-11056149.php

Quote: "The entomologists instead ran toward the creature – a whopping spider the size of a baseball – and captured it for analysis. With juicy fangs, a hairy yellow abdomen and legs for miles, the arachnid was certainly a looker, but neither of the scientists could classify it. Back in their lab at the San Diego Natural History Museum, the researchers had a eureka moment. Upon corroborating with Mexican entomologist and southern spider expert Maria Jimenez, the scientists confirmed that they had discovered a new species and genus. They named it Califorctenus cacahilensis, after the Sierra Cacahilas mountain ranges where it was first found."

Note: Wow, big ol' spider - check out the pics. Wouldn't wanna find one of those skittering around the house!

Offline Eddie

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Re: Gold & Silver News
« Reply #2004 on: April 17, 2017, 08:10:59 AM »
All the saber rattling is helping gold, which this morning has spiked into the low 1290's, and with any news of shots fired is likely to take off like a scalded dog. $1300 is one of those important psychological barriers. I do look for the Masters of the Universe to put on one of their their short algo trading bombs if spot price breaks out above $1300.
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Offline azozeo

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Re: Gold & Silver News
« Reply #2005 on: April 17, 2017, 09:02:01 AM »
pump n' dump pump n' dump pump n' dump woo-woo clang clang All ABOARD
This hell bound trains on a roll :evil4:

Offline Eddie

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Re: Gold & Silver News
« Reply #2006 on: April 19, 2017, 07:51:31 AM »
Gold got algo-smacked yesterday just ahead of the London Fix, and it got taken down, but it refused to stay down.....soooo, today they just did it again.

Damn yellow metal, just won't act right for the Masters of the Universe.

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Offline Eddie

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Re: Gold & Silver News
« Reply #2007 on: April 20, 2017, 07:03:07 AM »
Gold got hit again early this morning. The Masters of the Universe don't want the dollar to fall much faster. It's hard to keep a lid on gold price when NKorea is threatening a massive first strike. That kind of rhetoric just naturally moves gold up and the USD down. For the first time in a long time, dollar safe-haven buying seems to be easing off, too.  I don't expect any tectonic shifts, but we might see the first cracks in the facade of USD hegemony, sometime soon.
What makes the desert beautiful is that somewhere it hides a well.

Offline azozeo

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Gold & Silver News-Arabs ditch USD Join BRICS
« Reply #2008 on: April 22, 2017, 01:48:35 PM »
Saudi Arabia Switching to BRICS in Response to US Congress 911 Blackmail
APRIL 21, 2017

After realizing that the US Congress’s move to allow the filing of charges against the Kingdom of Saudi Arabia for its supposed role in the “terrorist” attack on New York in 2001 could be Washington DC’s way of putting the House of Saud on notice — that it, too, is not exempt from its two-faced foreign policy, and could be a future target for a regime change once it ceases to be a willing subject to systematic extortion, like what’s being done with Japan for decades right after the Second World War, the House of Saud continues to engage Russia for a possible common ground.

Russia is responding positively to the Saudi initiative, and already the two are defying the pressure from the latter’s long-time “ally.”
Russia Calling the Shots on ‘American Playground’ in Middle East

Sputnik / Evgeniya Novozhenova

Russia continues to develop relations with Saudi Arabia, Washington’s longstanding ally in the Middle East. In addition to the ongoing cooperation in the energy sphere, the two countries are expected to launch lucrative investment projects and probably start working together in the defense sector.

Russia continues to compete with Washington on the US’ traditional “playground” in the Middle East.

On April 6, the Russian Foreign Ministry made an important statement on the Palestinian-Israeli settlement, recognizing East Jerusalem as the capital of the future Palestinian state and West Jerusalem as the capital of Israel.

Commenting on the issue, Israeli political analyst Avigdor Eskin told Sputnik that Russia has surpassed the US by recognizing West Jerusalem as Israel’s capital.

“The current statement regarding the recognition of West Jerusalem as the capital of Israel reflects a warm and friendly atmosphere [between Russia and Israel]. This is highly appreciated,” the Israeli political analyst underscored.

    “Russia is much closer to the region and has a deeper understanding of the situation. If Trump remains ‘under siege’ and doesn’t prevail for the rest of his term, we might expect a stronger Russian influence,” Eskin predicted.


But that is not all.

On Monday a Russian parliamentary delegation, headed by Federation Council Chair Valentina Matvienko, concluded its visit to Saudi Arabia, Washington’s other key ally in the Middle East.

Assessing the results of the summit, Russian Deputy Foreign Minister Mikhail Bogdanov said that contacts between Moscow and Riyadh are expanding at various levels.

    “Indeed, there is a deepening of mutual understanding between our countries; contacts are taking place at all levels,” he said during a meeting with the head of The King Salman Center for Humanitarian Aid and Relief.

As expected, the cooperation in the oil and gas spheres had become the centerpiece of the negotiations between Russia and Saudi Arabia. Moscow and Riyadh continue to take steps to reduce oil production to balance the market.

The countries have fully complied with all their obligations under the agreement between OPEC and other oil-producing countries.

    “Russia and Saudi Arabia acted as guarantors of the implementation of this agreement, and I am sure that this cooperation will continue, because no one is interested in a chaotic development of events [in the oil market],” Matvienko said, as quoted by RIA Novosti.

Interestingly enough, following the oil price slump, there was speculation that Washington had persuaded Riyadh to dump prices to spite Russia. However, Moscow and Riyadh are currently successfully working together to establish an equitable pricing strategy in the energy market.

Furthermore, although Riyadh remains close to the US, the Kingdom didn’t support anti-Russian sanctions imposed by other Washington’s allies, including Japan, Australia, New Zealand and Canada.

In addition, the Russians and their Saudi counterparts discussed the prospect of cooperating in the defense sector. While the details of the talks have yet to be disclosed, it is known that in late 2016, Saudi Arabia showed interest in potentially purchasing Russian S-400 Triumf air defense systems.

    “This has been stated by Saudi Arabian representatives themselves when they visited multiple exhibitions, presentations and shows where Russia showcased these systems, such as the exhibition in Abu Dhabi [the International Defense Exhibition and Conference, IDEX] and events organized in Russia, so there is nothing new here, there is an interest,” Russian Ambassador to Saudi Arabia Oleg Ozerov told Sputnik in early November 2016.

In February 2017 Industry and Trade Minister of Russia Denis Manturov confirmed that Russia and Saudi Arabia were discussing Riyad’s prospects for acquiring Russian military aircraft and “land weapons.”

It is no secret that Washington has long been Riyadh’s key arms provider and the country boasts an annual defense budget second to only that of the United States and China. Recent developments show that Russia is beginning to compete with the US for the Kingdom’s lucrative military contracts.

Meanwhile, Matvienko revealed that the Russian Direct Investment Fund and the Saudi Arabian sovereign wealth fund will launch joint projects worth $3 billion before the end of this year.

    “The Russian Direct Investment Fund and the Saudi Arabian sovereign wealth fund are cooperating successfully. Thanks to them, projects worth some $600 million have been implemented. Before the end of the year, projects worth $3 billion should be launched,” she said.

However, there are also bumps in the road regarding Russo-Saudi relations: Riyadh and Moscow have completely different approaches toward Syria and Iran. On the other hand, the two countries have similar views regarding the resolution of the Palestinian-Israeli conflict.

    “Moscow and Riyadh have similar positions on the resolution of the Palestinian-Israeli conflict,” Deputy Chairperson of the Council of the Federation Ilyas Umakhanov told RIA Novosti.

“As for Syria, we have very serious differences regarding the fate of [Syrian] President Bashar al-Assad, but Russia and Saudi Arabia agree that there can be no military solution to this crisis,” he said.

According to Matvienko, Saudi Arabia’s King Salman bin Abdulaziz Al-Saud may visit Russia by the end of 2017.

    https://sputniknews.com/politics/201704181052747446-russia-us-middle-east/

What this illustrates is that Russia has departed from its age old policy of not taking any proactive role in global affairs, now that more and more countries have grown weary and tired of the incessant warmongering from the Western side,

Offline Eddie

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Re: Gold & Silver News
« Reply #2009 on: April 25, 2017, 08:39:55 AM »
Gold got hit again early this morning. The Masters of the Universe don't want the dollar to fall much faster. It's hard to keep a lid on gold price when NKorea is threatening a massive first strike. That kind of rhetoric just naturally moves gold up and the USD down. For the first time in a long time, dollar safe-haven buying seems to be easing off, too.  I don't expect any tectonic shifts, but we might see the first cracks in the facade of USD hegemony, sometime soon.

They couldn't smash gold hard enough during daylight hours to drive it down last week, so they resorted to a major short, looks like, during the overnight last night. The Masters of the Universe are shorting the hell out of gold to keep the USD from going into freefall around the war stories, imho. The dollar is still falling.
What makes the desert beautiful is that somewhere it hides a well.

 

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